Bumi Armada announced today it’s IPO price at RM 3.03, 12 sen or 3.8% below it’s original IPO price. This bring Bumi Armada market capitalization of RM 8.87 billion after listing and PER of 25 times. The company set to rise RM 1.95 billion from the IPO exercise.
A total 614.632 million shares application received for 58.569 million shares available for retail subscription, represent 9.5 times. To be exact, Bumiputera application oversubscription by 5.19 times and Public application oversubscription by 13.8 times the allocated shares.
Details of the shares allotment for retail applications are as per below :
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| Source: Malaysia Issuing House |
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| Source: Malaysian Issuing House |
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